Stephen Colbert's Late Show Finale: A Look Back and What's Next (2026)

In just a few short days, the era of Stephen Colbert's Late Show will come to a close, marking a significant shift in the late-night television landscape. After nearly a decade and a half on the air, Colbert's show will air its final episode on May 21, 2023, at 11:35 PM EST, leaving a void that will be filled by a new era of late-night programming.

A Controversial End

The announcement of the show's cancellation has sparked intense debate. While CBS cited it as a "financial decision," many argue that it was influenced by political considerations. The network's decision to retire the Late Show brand, following the Skydance-Paramount merger, coincides with Colbert's vocal criticism of President Donald Trump. This has led to accusations of a politically motivated move, despite the show's consistent ratings success.

The Final Episode

The final episode's guest line-up remains a closely guarded secret, adding to the anticipation. However, several notable guests have already made appearances in the lead-up. Pedro Pascal and Julia Louis-Dreyfus kissed Colbert goodbye on May 12, followed by Tom Hanks and David Letterman on May 14. The late-night giants, including Jimmy Kimmel, Jimmy Fallon, Seth Meyers, and John Oliver, also paid their respects on May 11, showcasing the unity within the industry.

A Legacy of Friendship

Ironically, despite the competitive nature of the late-night scene, Colbert and his peers have forged a strong bond. The "Strike Force Five" have supported each other, even using their rivalries for comedic effect. This camaraderie will be on full display during the final episode, as Kimmel and Fallon will go dark on May 21, joining the rest of the late-night hosts in paying tribute to Colbert.

The Future of Late Night

With the Late Show format being retired, the 11:35 PM time slot will be taken over by Byron Allen's Allen Media Group, starting in 2026. Allen's syndicated comedy shows, Comics Unleashed and Funny You Should Ask, will bring a fresh take to the late-night arena. While Colbert's future plans remain uncertain, he has already embarked on a new project, co-writing a Lord of the Rings movie titled Shadow of the Past, showcasing his versatility and continued influence in the entertainment industry.

As the Late Show era concludes, it leaves an indelible mark on late-night television. Colbert's impact on the genre, both through his hosting and his relationships with fellow late-night hosts, will be felt for years to come. The industry is poised for a transition, and the question remains: Who will step up to fill the void left by Colbert's iconic show?

Stephen Colbert's Late Show Finale: A Look Back and What's Next (2026)
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